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Global bonds faced renewed selling pressure, pushing borrowing costs in the U.S., France and Japan to multi-decade highs as inflation and stronger growth expectations fueled concerns about higher rates. The U.S. 10-year Treasury yield briefly hit 5.34%, its highest since 2002, before retreating as bargain hunters stepp
Mattel, Inc. (NASDAQ: MAT ) shares are trading down almost 4% on Wednesday. The company disclosed that current Chairman and CEO Ynon Kreiz will step down from the post on Oct. 2 to take a senior leadership role at another publicly traded company. The company named Mattel board member and Condé Nast CEO Roger Lynch as
Ynon Kreiz, who has served as Mattel's chief executive and chair since 2018, is set to step down. Kreiz is credited with overhauling the toy giant during his tenure.
Mattel shares fell 4.7% to $12.60, reaching their lowest level in nearly six years, after the company announced CEO Ynon Kreiz would step down ahead of the holiday season.
Multiple global consumer goods companies, including Mattel, General Mills, and Tyson Foods, have appointed new CEOs in 2025 and 2026. These leadership changes occur as the sector navigates tariff pressures and fluctuating consumer spending.
EL SEGUNDO (dpa-AFX) - Mattel, Inc. (MAT), a toy maker and entertainment company, said on Wednesday that its Chairman and Chief Executive Officer, Ynon Kreiz, will step down with effect from October 2 to take up a senior leadership role at another company.Subsequently, the company has appointed its…
Kreiz will step down on Friday and Lynch is expected to assume the top job on or before Nov. 2.
Mattel NASDAQ:MAT on Wednesday named board member Roger Lynch as CEO, succeeding Ynon Kreiz, who is leaving the toymaker to take a senior leadership position at another public company.Kreiz, who has been CEO since 2018, will step down on Friday, the company said.Shares of the company were down abou…
By Colin KellaherMattel's chairman and chief executive, Ynon Kreiz, is leaving the toy maker to take a senior leadership position at another public company.Mattel on Wednesday said Kreiz, who has been at the helm of the El Segundo, Calif., company since 2018, is stepping down on Oct. 2.Roger Lynch…
Lynch is Mattel's independent lead director and will assume chairman duties Oct. 2, 2026. CEO duties are due on or before Nov. 2, 2026, as Ynon Kreiz steps down and takes a senior leadership role at another public company.
Mattel said Roger Lynch, currently a board member and independent lead director, will become chairman on Oct. 2, 2026 and chief executive on or before Nov. 2, 2026. Ynon Kreiz will step down as chairman and CEO on Oct. 2, 2026 to take a senior leadership position at another public company.